Insurance

Life Insurance Corporation (LIC)

Janalakshmi offers life insurance protection under LIC's Janashree Bheema Yojana, at a minimal premium of Rs.100 per annum. This plan entitles Janalakshmi's customers to

Rs.30,000 in the event of death
Rs.75,000 in case of death due to an accident
Rs.37,500 in case of permanent partial disability

In addition, the children of Janashree Bheema Yojana customers (studying in classes IX- XII) are eligible for the Shiksha Sahayog Yojana (SSY) scholarship of Rs. 600/- per half year (Rs. 1200/- per year) per child, at no extra cost or premium.

Savings

Post Office Financial Inclusion Program

Department of Posts, Karnataka Circle & Janalakshmi Financial Services launched the Post Office Financial Inclusion Program on 28th April 2008, in the presence of Ms.Meera Dutta, Principal Chief Post Master General and our Chairman, Mr.Ramesh Ramanathan.

India Post and Janalakshmi share a common objective of financial inclusion of all segments of the community and serving the same in an efficient and sustainable manner. Though the objective is common, the activities are complementary. The Post Office network is widely spread and accessible to the segment not having access to mainstream banking, besides providing a reliable and robust service.

Each customer of Janalakshmi today obtains a savings account with the Post Office. Janalakshmi has developed innovative thrift schemes which incentivise the customer to save money, and understand simple principles of banking.

Pensions

IIMPS

Invest India Micro Pension Services (IIMPS) was established in 2006 by leading development and pension sector experts to enable low income informal sector workers to build up savings for retirement in a competitive and well regulated environment. IIMPS delivers pension and insurance products and services to low income workers in collaboration with micro-finance institutions, cooperatives, self-help groups, worker unions, multilateral and bilateral aid agencies, government departments and finance firms.

UTI

UTI Asset Management Company Limited UTI AMC is an asset management company registered and regulated by the Securities and Exchange Board of India (SEBI). UTI AMC has been established by State Bank of India, Life Insurance Corporation of India (LIC), Bank of Baroda and Punjab National Bank. UTI AMC presently manages a corpus of over Rs.44,623 Crores (as on 30 September 2008, source: www.amfiindia.com). UTI AMC has a nationwide network consisting 103 financial centres and offices in London, Dubai and Bahrain. UTI AMC pioneered the micro-pension concept by offering its retirement benefit plan to low income women in Gujarat jointly with IIEF and SEWA Bank in 2006.

Partners

Ubuntu at Work

Ubuntu at Work is a global social networking community that connects women micro entrepreneurs across the developing world with coaches and collaborators who offer them encouragement and support to develop sound business ideas, funding assistance, and networking resources to pursue their entrepreneurial aspirations.